Principal Financial Group Inc. Raises Stock Position in Invesco QQQ $QQQ

Principal Financial Group Inc. boosted its stake in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 23.7% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 108,110 shares of the exchange traded fund’s stock after acquiring an additional 20,726 shares during the period. Principal Financial Group Inc.’s holdings in Invesco QQQ were worth $64,909,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. increased its position in shares of Invesco QQQ by 42.4% during the second quarter. JPMorgan Chase & Co. now owns 4,895,265 shares of the exchange traded fund’s stock worth $2,700,424,000 after purchasing an additional 1,457,109 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Invesco QQQ by 0.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,223,327 shares of the exchange traded fund’s stock worth $1,778,116,000 after buying an additional 22,220 shares during the last quarter. HRT Financial LP boosted its position in shares of Invesco QQQ by 118.3% during the 2nd quarter. HRT Financial LP now owns 3,145,578 shares of the exchange traded fund’s stock valued at $1,735,226,000 after acquiring an additional 1,704,600 shares during the last quarter. Symphony Financial Ltd. Co. purchased a new position in Invesco QQQ during the second quarter worth about $1,236,482,000. Finally, Rockefeller Capital Management L.P. raised its stake in Invesco QQQ by 6.3% during the second quarter. Rockefeller Capital Management L.P. now owns 1,101,906 shares of the exchange traded fund’s stock worth $611,049,000 after purchasing an additional 65,387 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

More Invesco QQQ News

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Invesco QQQ Price Performance

Invesco QQQ stock opened at $616.52 on Wednesday. The firm has a 50 day simple moving average of $620.40 and a 200-day simple moving average of $601.69. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $637.01.

Invesco QQQ Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 22nd were given a $0.7941 dividend. The ex-dividend date was Monday, December 22nd. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.69. This represents a $3.18 annualized dividend and a yield of 0.5%.

Invesco QQQ Profile

(Free Report)

PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The Trust’s investment objective is to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index. The Trust provides investors with the opportunity to purchase units of beneficial interest in the Trust representing proportionate undivided interests in the portfolio of securities held by the Trust, which consists of substantially all of the securities, in substantially the same weighting, as the component securities of the Nasdaq-100 Index.

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Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

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